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This blog was created to publish news on argentinean mining, thus complementing our website and presence in social networks. As all of our activities, it intends to connect the mining community in Argentina and provide a place to promote the activity in the world, developing business opportunities.

30 abr. 2011

Brigadier Gold (BRG-TSXV) Completes First Phase of Diamond Drilling on the Incamayo Project in Northwest Argentina



TORONTO, ONTARIO--(Marketwire - April 26, 2011) - Brigadier Gold Limited (TSX VENTURE:BRG) -

Brigadier Gold Limited's drilling contractor, Falcon Drilling (Barbados) Succursal Argentina, has completed 1520 metres of NQ coring in 9 holes on the Incamayo project in northwest Argentina.

In 1997 Mansfield Minerals, in a joint venture with RTZ Mining (Rio Tinto), drilled 9 reverse circulation holes on the property to test for economic grade mineralization below several well-mineralized sections encountered in trenches excavated during the previous exploration season. The Mansfield discovery hole (CG97-07), which was located 600 metres to the northeast of other mineralized holes, was reported in Mansfield's November 14, 1997, news release on Stockwatch (www.stockwatch.com) and is available on Sedar (www.sedar.com).

Brigadier's initial hole - (CG11-01) - twinned CG97-07 and intersected mineralization over a 53 metre interval from 106.3 metres to 159.3 metres in depth that matches the intersection as described in the original Mansfield reverse circulation hole, including a 7.0 metre interval from 106.3 to 113.3 metres containing numerous intervals of massive to semi-massive sulphide veins. Below 160 metres disseminated sulphides occur to the end of the hole at 298.5 metres with an interval of sulphide breccia from 288.4 to 289.3 metres.

CG11-02 is located at the same collar as CG11-01 but was drilled at -45°. This core hole intersected a 58 metre variably mineralized interval from 95 metres depth but with less intense alteration.

CG11-08, located 25 metres northeast of CG11-01 and drilled at the same orientation, intersected similar alteration and mineralization before it was lost at 170.7 metres as the drill bit sheared off in the hole. Based on visual observation of drill core from CG11-01, CG11-02 and CG11-08 it appears that the alteration and mineralization are becoming increasingly intense with vertical depth.

As noted in Brigadier's February 8, 2011, news release on Stockwatch (www.stockwatch.com) and available on Sedar (www.sedar.com), a review of the 1997 drill program by Rio Tinto determined that many of the 6 drill holes on the southern part of the property were oriented incorrectly to test the mineralized zones exposed at surface. Mapping by Brigadier in November and December, 2010 confirmed this interpretation. Consequently holes CG11-03, 04 and 05, located 700 metres to the southwest of CG11-01; holes CG11-06 and 09, located 900 metres to the southwest of CG11-01; and CG11-07, located 1400 metres to the southwest of CG11-01 were orientated differently than the Mansfield holes drilled in 1997. All holes intersected multiple zones of alteration containing sulphides similar to those seen on surface.

Of note, a newly received petrographic report on material collected from the trench mineralization tested by CG11-07 describes the brecciated and silicified sandstone sample as "….part of a silver bearing epithermal quartz vein of the low-sulphidation type". This style of mineralization differs dramatically from the gold bearing quartz veins observed in trenches adjacent to CG11-01. The report supports the interpretation, as stated in Brigadier's news release of March 29, 2011, that differing styles of mineralization occur within the 4 to 5 km long alteration zone.

Assay results on the above holes are pending. All samples from the drill program have been shipped to the lab and assays will be reported once received.

The Incamayo Property is subject to an option agreement that enables Brigadier to earn a 70 per-cent interest in the property. The agreement is among Brigadier, SESA Holdings LLC (Nevada) and Salta Exploraciones SA, Republic of Argentina. Salta holds a 100% interest in the property. SESA Holdings LLC holds a 100% interest in Salta and SESA Holdings LLC is 50% owned by Cascadero Copper Corp of North Vancouver, BC.

Qualified person and quality assurance/quality control: Tom Carpenter, BSc, PGeo, of Discovery Consultants, and a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Carpenter is not independent of Brigadier by virtue of being a holder of incentive stock options.

Brigadier's work programs are supervised by Mr. Carpenter, who is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then sealed and shipped via bonded courier to the facilities of Acme Analytical Laboratories (Argentina) S.A. in Mendoza, Argentina, for sample preparation and to Acme in Vancouver, BC for analysis. Blank, standard and representative duplicate samples are forwarded to Acme as part of the sample stream for quality control purposes.

Acme's quality control system complies with International Standard ISO 9001:2000 requirements. Analytical accuracy and precision are monitored by the analyses of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards.

This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein may be forward-looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "goal" or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects the Company's current beliefs and is based on information currently available to the Company and on assumptions the Company believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports or prior exploration results, and future costs and expenses being based on historical costs and expenses. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the early stage development of the Company and its projects; general business, economic, competitive, political and social uncertainties; commodity prices; the actual results of current exploration and development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting the Company; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labor or loss of key individuals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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